Beg Material inventory, total cost of DM purchase, total DL cost, Dl time per unit, DL cost per hour, Total pound require for production, total reuire DL hours, DM purchase, DM per unit, Total material require, unit to be produce, cost per pound, desire ending inventory,

Please do all journal entries

Question 39 Perine Company has 3,214 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and February of 2017 are 4,120 and 5,670 units, respectively. 3 pounds of raw materials are needed for each unit, and the estimated cost per pound is $9. Management desires an ending inventory equal to 26 of next month's materials requirements Prepare the direct materials budget for January. (Round intermediate calculations and final answer to o decimal places, e.g. 5,275.) PERINE COMPANY Direct Materials Budget